Credit: Dreamstime
IT consulting firm PS&C Limited has divested the Allcom Networks business to managed services provider Crosspoint Telecommunications for $3.2 million.
The payment will be broken down in three parts. First a $1 million completion payment is expected, followed by post-completion payments of $1.8 million on 21 May 2019 and $400,000 on 21 November 2019.
The decision to divest the business is part of publicly-listed PS&C restructuring activities across the 2017 and 2018 financial years. According to PS&C, the decision was also based on…
Read the full article at: https://www.arnnet.com.au/article/649945/ps-c-sells-allcom-networks-3-2m-deal/